Advisory Board Agreement Template

• Are appointing advisory board members & want the relationship clearly documented
• Need to separate advisory roles from director, employee or contractor positions
• Want to avoid misunderstandings about authority, scope of work & time commitment
• Need written protections around confidentiality, IP ownership & conflicts of interest

• Startups & scale-ups forming an advisory board
• Established SMEs adding specialist advisers or industry experts
• Founders seeking ongoing strategic input without creating employment obligations
• Australian companies that want a clear paper trail for governance purposes

• How advisory appointments are set up, what the role involves & how long it runs
• Expectations on meetings, preparation, reporting lines & decision-making limits
• Commercial terms such as fees, equity, expenses & other agreed benefits
• Confidentiality, use of information, IP ownership & related protections
• Conflicts of interest, independence expectations & public announcements
• How the appointment can end & what happens when an adviser steps down
• Core boilerplate provisions under Australian law

You receive an editable Word document you can customise to your company structure, advisory board design & commercial terms. It is a practical starting point for documenting advisory board roles, not a substitute for tailored legal advice on complex or high-risk arrangements.